byLessard, Donald R; Sloan School of Management; Miller, Roger LeRoy
Large engineering projects are high-stakes games characterized by substantial irreversible commitments, skewed reward structures in case of success, and high probabilities of failure. Drawing on 60 real life projects, this article shows that successful projects are not selected but shaped with risk resolution in mind. Rather than evaluating projects at the outset based on projections of the full sets of benefits, costs and risks over their lifetime, successful sponsors start with project ideas...
bySafford, Sean C; Sloan School of Management; Locke, Richard M., 1959-
This paper seeks to understand how US labor unions - once key institutions in American political and economic life - can re-emerge as important and viable organizations. Building on the extensive literature on the "social embeddedness" of economic activity as well as on union revitalization, we hypothesize that where local unions are able to rebuild linkages to other local groups, they should be successful at revitalizing themselves organizationally. Where unions fail to embed...
This paper was prepared for presentation to the International Conference on the Quality of Working Life, Arden House, Harriman, New York, September 24-29, 1972 and to the Secretary's Committee on Work in America of the Department of Health, Education and Welfare Topics: Labor mobility, Job satisfaction